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Dear Professional Colleagues,

Greetings of the Day !


This is in reference to the advisory issued by the GSTN network i.e. “Time limit for Reporting Invoices on the IRP Portal” dated 12.04.2023. It has come to our knowledge that the third point in a update has been changed in the updated advisory issued on 13.03.2023. The change in the advisory pertains to the time limit for reporting debit/credit notes. This change is expected to have significant impact on businesses.

 

Advisory dated 12.04.2023

Updated Advisory dated 13.04.2023

“Please note that this restriction will apply to the document type invoice, and there will be no time restriction on reporting debit/credit notes.”

“Please note that this restriction will apply to the all document types for which IRN is to be generated. Thus, once issued, the credit / Debit note will also have to be reported within 7 days of issue.”

 

Please let me know if you have any questions. I will be happy to provide any further information that you may require

Hope you find it interesting and useful to read.

For any clarification/ feedback, feel free to write us at amrg@amrg.in.


Best regards,

AMRG Team


   


About Us

AMRG & Associates is an established Chartered Accountants firm. It came into existence in 1984 and since then has grown its branches across major Indian cities such as Delhi, Mumbai and Chandigarh. Since its inception, it has become one of the leading chartered accountants’ firms in North India. AMRG & Associates offers its clients a wide range of exceptional services through the expertise of its highly motivated group of trained professionals. The firm provides expertise in financial and business advisory, tax and regulatory, audit and assurance and risk advisory services.

AMRG & Associates has a client base of 200+ companies & individuals. The firm's approach to service delivery helps to provide value-added services to its wide clientele. Our differentiation is derived from a rapid performance based, industry-tailored and technology-enabled business advisory services delivered by talented professionals in the country.


Corporate office (Delhi, India) : AMRG Tower, 23, Paschim Vihar Extension, Main Rohtak Road, New Delhi -110063, T - 011-47322696 / 97

Branch office (Mumbai, India) : Shop no 14,Adarsh Nagar Bldg No 4,Kolbad, Thane West 400601.

Branch office (Sydney, Australia) : Unit 9, 14-15 Junia Avenue, Toongabbie NSW 2146,

Sydney, Australia.

International Desk (USA) : Wiener & Garg LLC 6000 Executive Boulevard, Suite 520 |

Rockville, MD 20852, T - 301.881.4244 | D - 240.833.4002

 

© -2022 AMRG & Associates All Rights Reserved. This document has been written for the general interest of our clients and professional colleagues and is subject to change. This document is not to be construed as any form of solicitation. It is not intended to be exhaustive or a substitute for legal advice. We cannot assume legal liability for any errors or omissions. Specific advice must be sought before taking any action pursuant to this document.


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AMRG Tower, 23, Paschim Vihar Extension, Main Rohtak Road, 

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AMRG & Associates | AMRG TOWER, 23, MAIN ROHTAK ROAD, PASCHIM VIHAR EXT, NEW DELHI -110063